What type of Economic System does North Korea have?

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asked Aug 12, 2022 22.7k views

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Tadas Stasiulionis · Answer 1 · 2022-08-18T10:03:48+0000

The economy of North Korea is a centrally planned economy, where the role of market allocation schemes is limited, although increasing. As of 2020, North Korea continues its basic adherence to a centralized command economy :)

What type of Economic System does North Korea have?

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